RESERVOIR LINK CLINCHES RM60.2 MILLION TURNKEY EPCC CONTRACT FOR WASTE RECOVERY FACILITY
Reservoir Link Energy Bhd has won a RM60.2 million EPCC contract from Sage Promaster to build an industrial waste recovery facility. The six-month project will process up to 15,000 metric tonnes of waste to produce Safefuels®, a renewable alternative fuel, reinforcing Reservoir Link’s push into the clean energy sector.
AXIS-REIT TO ACQUIRE AN INDUSTRIAL PROPERTY LOCATED WITHIN KAWASAN INDUSTRI BANDAR SULTAN SULEIMAN, PORT KLANG FOR RM50.0 MILLION
Axis-REIT is acquiring a 9-acre industrial property in Port Klang from Barry Callebaut Malaysia for RM50 million. Featuring factory, warehouse, and office facilities with strong highway connectivity, the deal is set to complete in 1Q2026. The property’s designation for light to heavy industrial use supports Axis-REIT’s strategy of securing prime, flexible assets in high-demand locations.
E&O’s Andaman Island Masterplan Strengthened with RM780 Million Financing through Tanjung Pinang Development (TPD) from AmBank Group
AmBank Group has extended RM780 million in financing to Tanjung Pinang Development Sdn Bhd, a subsidiary of Eastern & Oriental Berhad, to fund Phase 2 reclamation and infrastructure works for Andaman Island, Penang, slated for completion in 2028. Envisioned as a 30-year, RM70 billion masterplan, Andaman Island will set new benchmarks in sustainable island living and urban development, supported by GreenRE Platinum certification and strong market response. This financing underscores AmBank’s commitment to transformative projects that drive growth while advancing Malaysia’s green agenda.
ITMAX EXPANDS SMART PARKING FOOTPRINT IN SELANGOR
ITMAX System Berhad (“ITMAX”), via its subsidiary Selmax Sdn Bhd, has been appointed by Selayang Municipal Council (“MPS”) to operate the Selangor Intelligent Parking (“SIP”) system under a 10-year contract with a 50:50 revenue-sharing model. This marks ITMAX’s third smart parking project in Selangor, reinforcing its role in supporting the state’s digital and smart city agenda.
KEYFIELD INVESTS RM76.0 MILLION TO ACQUIRE CARIMIN ACACIA, A DP2 ACCOMMODATION WORKBOAT
Keyfield International Berhad will acquire Carimin Acacia, a DP2 Accommodation Workboat, for RM76.0 million to strengthen its offshore accommodation fleet, funded entirely via proceeds from its Sukuk issuance.
CENSOF AND DECAGO FORM B4GOV TO ACCELERATE GOVTECH TRANSFORMATION
Censof Holdings Berhad and Decago Sdn Bhd have formed a joint entity, B4Gov Sdn Bhd, to drive GovTech adoption in Malaysia’s public sector. The partnership will combine Censof’s expertise in government digital solutions with Decago’s strengths in innovation, upskilling and capacity building, supporting the nation’s digitalisation agenda.
ITMAX SECURES RM14.4 MILLION FROM RAILWAY ASSETS CORPORATION
ITMAX System Berhad has secured a RM14.4 million contract from Railway Assets Corporation to upgrade and maintain AI-enabled CCTV systems across Malaysia’s railway network, marking its first entry into the railway infrastructure segment.
CENSOF SECURES RM12.4 MILLION DEAL TO DIGITALISE LOCAL AUTHORITY LICENSING
Censof Holdings Berhad has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop the One Stop Centre (OSC) Licensing System, a nationwide digital platform to streamline and automate local authority licensing processes, reinforcing Censof’s role in driving Malaysia’s digital government agenda.
KIP REIT COMPLETES ACQUISITION OF KIPMALL DESA COALFIELDS AND FIRST TRANCHE OF PRIVATE PLACEMENT
KIP Real Estate Investment Trust (“KIP REIT”) has completed the acquisition of KIPMall Desa Coalfields in Ijok, Selangor, together with the listing of 123 million new units under its private placement. This addition expands KIP REIT’s portfolio to 15 properties across Peninsular Malaysia, reinforcing its recurring income base and presence in Selangor’s suburban corridor, while keeping the Group on track towards its RM2.0 billion asset target.
BINASTRA SECURES RM132.0 MILLION PILING WORKS CONTRACT FOR CAUSEWAYZ SQUARE @ JBCC
Binastra Corporation Berhad is pleased to announce that its wholly-owned subsidiary, Binastra Builders Sdn. Bhd., has accepted a contract worth RM132.0 million from Exsim Lumba Kuda Sdn. Bhd. (“EXSIM”).
The contract entails earthworks, piling, pile cap and diaphragm wall works for a proposed 63-storey serviced apartment development, Causewayz Square @ JBCC, in Johor Bahru, comprising a total of 4,525 units across 4 residential towers. The construction is scheduled to begin on 2 September 2025 and targeted for completion within 16 months.
